Gate News, March 17 — The U.S. Securities and Exchange Commission (SEC) officially proposed amendments to Rule 15c2-11 of the Securities Exchange Act, aiming to explicitly limit the scope of the rule to equity securities. Since its enactment, the rule has primarily been used to regulate the collection and review obligations of brokers when publishing quotes in the over-the-counter (OTC) market. Its core purpose is to prevent manipulative and fraudulent trading activities in the OTC stock market. SEC Chairman Paul S. Atkins stated that regulatory rules should align with the asset classes they apply to. This revision aims to clarify the regulatory obligations for publishing quotes and to explicitly confirm that Rule 15c2-11 has always applied solely to equity securities.
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